consumer survey from market intelligence Provider Mintel says 36% of Americans claim to have had
trouble paying their bills in the past two years. Women struggled with their debt more than men: 39% said they had trouble
during the last two years compared to 33% of men. People aged 25-44 and
black survey respondents also reported more difficulty than the general
population (42% of 25-34 year-olds, 48% of 35-44s and 53% of black consumers). In
addition, adults living in urban and rural areas were more likely to
struggle when compared to those living in suburban areas.
Less than half of those in trouble with debt reached out for help (37%).
Going directly to their credit card or mortgage lender was the most
common avenue: 28% of respondents said they went to their credit
card-issuing bank, while 24% went to their mortgage lender to seek help.
Still, more than one-third sought assistance from a credit counseling or
debt consolidation service.